Intech Investment Management LLC grew its holdings in shares of Brady Co. (NYSE:BRC - Free Report) by 358.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,134 shares of the industrial products company's stock after purchasing an additional 12,615 shares during the period. Intech Investment Management LLC's holdings in Brady were worth $1,191,000 at the end of the most recent quarter.
Several other hedge funds also recently added to or reduced their stakes in BRC. Parkside Financial Bank & Trust raised its holdings in shares of Brady by 19.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 893 shares of the industrial products company's stock worth $66,000 after buying an additional 143 shares during the last quarter. Atria Investments Inc raised its stake in Brady by 3.2% in the 4th quarter. Atria Investments Inc now owns 4,984 shares of the industrial products company's stock worth $368,000 after acquiring an additional 153 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in Brady by 4.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,454 shares of the industrial products company's stock worth $255,000 after acquiring an additional 157 shares during the period. Andina Capital Management LLC grew its stake in Brady by 3.2% during the 4th quarter. Andina Capital Management LLC now owns 5,718 shares of the industrial products company's stock valued at $422,000 after purchasing an additional 179 shares during the last quarter. Finally, Chase Investment Counsel Corp increased its holdings in shares of Brady by 3.9% in the fourth quarter. Chase Investment Counsel Corp now owns 4,836 shares of the industrial products company's stock valued at $357,000 after purchasing an additional 181 shares during the period. 76.28% of the stock is owned by institutional investors and hedge funds.
Brady Stock Performance
NYSE BRC traded up $0.84 on Wednesday, hitting $71.50. 249,644 shares of the company's stock traded hands, compared to its average volume of 235,871. The firm has a market capitalization of $3.42 billion, a PE ratio of 17.57 and a beta of 0.72. Brady Co. has a 1-year low of $57.89 and a 1-year high of $77.68. The firm's 50-day moving average price is $72.80 and its two-hundred day moving average price is $73.74. The company has a current ratio of 1.84, a quick ratio of 1.25 and a debt-to-equity ratio of 0.11.
Brady (NYSE:BRC - Get Free Report) last announced its quarterly earnings results on Friday, February 21st. The industrial products company reported $1.00 earnings per share for the quarter, missing the consensus estimate of $1.03 by ($0.03). Brady had a net margin of 14.19% and a return on equity of 19.79%. The company had revenue of $356.68 million for the quarter, compared to analysts' expectations of $359.21 million. During the same quarter in the prior year, the business posted $0.93 earnings per share. As a group, analysts expect that Brady Co. will post 4.55 EPS for the current year.
Brady Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 9th will be given a dividend of $0.24 per share. The ex-dividend date is Wednesday, April 9th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.34%. Brady's dividend payout ratio (DPR) is 24.00%.
Brady Company Profile
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Free Report)
Brady Corporation manufactures and supplies identification solutions (IDS) and workplace safety (WPS) products to identify and protect premises, products, and people in the United States and internationally. The company offers materials, printing systems, RFID, and bar code scanners for product identification, brand protection labeling, work in process labeling, finished product identification, and industrial track and trace applications; safety signs, floor-marking tapes, pipe markers, labeling systems, spill control products, lockout/tagout device, and software and services for safety compliance auditing, procedure writing, and training; and hand-held printers, wire markers, sleeves, and tags for wire identification.
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